LiferArt
Lifer
Tracks posted an update 2 years ago
So far, SPY has not been able to break above the resistance discussed yesterday. The 4H chart is now trying to start a bear cycle, and moving below 452.80 would help drive that. Next support is at 446.80. This could be the start of the next leg down that we are anticipating. That will remain the plan unless SPY pass through resistance…
Tracks posted an update 2 years ago
After recycling those mid timeframes yesterday, SPY has run up to the next set of targets. It is now in the 61.8% retrace area of the big move down, which is ideal to start the next bearish leg. Because of this, I’ll be watching this zone intently, to see how the market moves from here. The first signs of bearish activity would be a drop…
Tracks posted an update 2 years ago
Yesterday, SPY hit a few of our bullish targets. It’s now sitting at some primary resistance, so it’s possible the mid level timeframes will need to pullback before it can go further. In that case, it could pull back as far as the 442 area before bouncing back up. Staying above 450 would help keep things bullish, and next upward target is…
Tracks posted an update 2 years ago
SPY gapped down this morning, getting into the high side of the $462 area. The updated support target is 461.25 now. From here it can really go either way. A bounce would still be in the ideal range for another leg up, while breaking below $458 would signal a potentially bigger move down, following the current trend. As I take trades today,…
Beau, MountainViews and 3 others1 Comment
Thanks for the analysis, Tracks! Love your posts!
Steve posted a new post. 2 years ago
OP Wire 1/7HEY OP! Many new members here so I wanted to send this out with OP Wire to make sure everyone is maximizing their OP experience…
Tedh98 and Art
